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The timing of this "bailout" is suspect.

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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:56 AM
Original message
The timing of this "bailout" is suspect.
Starting to look a lot like the last big hurrah of the Bush administration - a huge handout to the wealthy. "Hurry up and pass this legislation - before we get our asses kicked in November".

Kinda like tripled gas prices because of "speculation", "supply", "hurricanes" - anything but unmitigated greed in the last summer of an oil president's tenure.

Smells like a huge pile of rotting fish.
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:57 AM
Response to Original message
1. Exactamundo. nt
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Taverner Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:57 AM
Response to Original message
2. Yep - as Maher said Bush had one last fuckup in him before Nov
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katty Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:58 AM
Response to Original message
3. yeah, no s***t, it sure is-weeks before an election?! hurry up and
give us ALL YOUR MONEY-NOW!!!
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rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:59 AM
Response to Original message
4. Can you say "October Surprise"?
meant to scare us into going with the "experienced" party.
Can you say "fucking backfired"?
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Blue_In_AK Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:59 AM
Response to Original message
5. You're not the only one wondering this.
I received the following e-mail this morning from Jon Lockert at Alaskans for Peace & Justice.

Does anyone think the timing of the bailout (6 weeks before the election) is
curious? I am guessing a more generous bailout could not happen between
November and January if Obama were to win. That leaves September/October for
Bush to have one last "decider" moment. At least he doesn't have to worry about
what it will do to his popularity.

Disturbing slogan: "McCain '08/Palin '09"

Do you think Sarah is up to the task of protecting the U.S. public's interests
in the face of the multinationals' transparent grab of our national wealth? Or
is Sarah being groomed as the new face of our robber baron's interests?

Bush wanted to privatize social security as a gift to Wall Street--is this not
a brilliant end run to plunder our private & public savings for generations?

Paying for the bailout ($2,000/citizen) will either come in the form of some
combination of higher taxes, reduced benefits for the needy (veterans, seniors,
poor, etc.), reduced spending on making the U.S. more competitive (education,
infrastructure, etc.) or devaluation of the currency due to inflation.

I suspect multinationals are more interested in increasing the productivity of
workers in other countries where the bang for the buck is greater for them. As
other economies grow, the purchasing power of American workers is less
important. Plundering the savings of American workers to preserve the interests
of multinationals is outrageous but eight years of Bush have shown the American
electorate will tolerate any abuse and indignity.

I am at as much of a loss as any of you as to what can be done. Another Move-On
online petition? We all wish it could be that easy.

Send me your thoughts and I will try to keep the discussion alive about what is
happening and what to do abouot it.
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Cronus Protagonist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 11:59 AM
Response to Original message
6. It's the final screw to make sure we're "screwn" for as long as possible
Edited on Tue Sep-23-08 11:59 AM by Cronus Protagonist
Remember their stated intention is to shrink the size of government and drown it in a bathtub. This is one last fuck you to ensure we can't get back up off the floor. I say NO bailout. NONE. Nationalize ALL banks.
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juno jones Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 12:06 PM
Response to Original message
7. Check out the background on AIG
http://spitfirelist.com/

I just posted links to an interview about their offshore shennanigans.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-23-08 12:07 PM
Response to Original message
8. Correct, the timing is part of the swindle
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